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The newspaper of The Johns Hopkins University September 18, 2006 | Vol. 36 No. 3
Arthur Roos, of Case Western Reserve, Named Treasurer

Arthur W. Roos

By Greg Rienzi
The Gazette

Arthur W. Roos may have begun his professional life as a civil/environmental engineer, but the lion's share of his career has been spent safeguarding billions of dollars in institutional and corporate financial assets.

Now he's going to watch over Johns Hopkins'.

Following a competitive and national search, Roos has been named university treasurer and is expected to assume the post Nov. 1. He brings with him more than 25 years of experience in such money matters as debt management, investment management, operation of endowment funds, strategic planning and risk management.

As Johns Hopkins' treasurer, Roos will be responsible for providing overall leadership and protection of the university's assets and serve on various internal and external committees in fulfilling those responsibilities. Specifically, he will oversee the university's debt, banking and cash relationships and operations, insurance and risk management, short-term assets, and receipt of gifts of securities and technology licensing stocks.

He will not manage the endowment and other investments because, in 2004, the university split these responsibilities from the Office of the Treasurer and created the position of chief investment officer. The move came in recognition of the increasing complexity of endowment management and treasury operations, both at Johns Hopkins and at universities across the country.

Roos, who is currently treasurer at Case Western Reserve University in Cleveland, Ohio, said that he was attracted to JHU by the strength of the university's leadership team, the consistent excellence of its academic programs and the prominence of Johns Hopkins among major research universities. He will report to James McGill, senior vice president for finance and administration.

"I hope to contribute by supporting the administration and the divisions with a focus on the effective management and protection of the university's assets," Roos said. "On a personal level, the move to Baltimore brings me much closer to my two daughters, who live and work in New York and New Jersey, and to friends and family in Delaware and Virginia."

A native of Albany, N.Y., Roos attended Manhattan College, where he earned an undergraduate degree in civil/environmental engineering. He earned his MBA degree in finance at Syracuse University.

Roos' professional background includes senior-level experience in both higher education finance and the corporate environment. At Case Western Reserve, he planned and managed the largest financing in the school's history to fund strategic projects and negotiated $110 million in bank credit as interim financing for a new research building. He also improved the design of the student medical plan by broadening benefits, simplifying administration and freezing premiums for three years.

Previously, Roos served for 25 years at Niagara Mohawk Holdings, a $12 billion Fortune 500 energy services company serving approximately 1.5 million customers in upstate New York. At Niagara Mohawk, Roos worked his way up from a financial analyst position to become the company's vice president and treasurer. During his time with the services company, Roos was awarded the distinguished Alexander Hamilton Award for Excellence in Corporate Finance by Treasury and Risk Management magazine and received a Deal of the Year award from Investment Dealers Digest. He also managed the largest high-yield financing of the 1990s, a $3.45 billion venture for the company.

Roos replaces the retiring William Snow, who will continue in his role until Roos officially comes on board.

McGill said that Roos, who is "very familiar with the management of institutional cash," has the ability to step into Snow's shoes without missing a beat. "Art will be a terrific successor to Bill Snow, who has performed invaluably for Johns Hopkins since 1987," McGill said. "Art has performed remarkably well at Case Western, and he has the professional and personal character to be a very successful treasurer here."


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